Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.
Outlined bar is the consensus estimate; solid is reported.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| Q2 25 | -$1.44 | -$0.61 | +57.6% | — | $0 | — |
| Q1 25 | -$1.8 | -$1.79 | +0.6% | — | $0 | — |
| Q4 24 | -$2.04 | -$2.18 | -6.9% | — | $0 | — |
| Q3 24 | -$0.23 | -$2.52 | -995.7% | — | $0 | — |
| Q2 24 | -$3.6 | -$3.24 | +10.0% | — | — | — |
| Q1 24 | -$4.77 | -$3.37 | +29.4% | — | — | — |
| Q4 23 | -$4.53 | -$4.8 | -6.0% | — | $659K | — |
| Q3 23 | -$5.11 | -$4.8 | +6.1% | — | — | — |
| Q2 23 | -$5.67 | -$5.28 | +6.9% | — | $2M | — |
| Q1 23 | -$5.55 | -$4.68 | +15.7% | — | $5.3M | — |
| Q4 22 | -$1.74 | -$4.68 | -169.0% | — | $5.5M | — |
| Q3 22 | -$5.93 | -$5.76 | +2.9% | — | $6.4M | — |
| Q2 22 | -$5.86 | -$6.84 | -16.7% | — | $382K | — |
| Q1 22 | -$5.06 | -$5.64 | -11.5% | — | $3.4M | — |
| Q4 21 | -$6.14 | $2.88 | +146.9% | — | $20.2M | — |
| Q3 21 | -$5.08 | -$4.8 | +5.5% | — | $3.7M | — |
Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| FY24 | — | -$12.2 | — | — | $0 | — |
| FY23 | — | -$1.63 | — | — | $9.2M | — |
| FY22 | — | -$1.9 | — | — | $15.6M | — |
| FY21 | — | -$1.22 | — | — | $31M | — |
| FY20 | — | -$1.28 | — | — |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|
| Revenue | $13.8M | $9.2M | $31M | $15.6M | $9.2M | $0 |
| YoY change | — | -33.1% | +237% | -49.6% | -41.3% | -100% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|
| Revenue | 13.8M | 9.2M | 31M | 15.6M | 9.2M | 0 |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Research & development | 24.9M | 44.8M | 47.1M | 64.3M | 59.7M | 30.9M |
| Selling, general & administrative | 7.3M | 8.9M | 18M | 22.2M | 24.9M | 23.7M |
| Operating expenses | 32.2M | 53.7M | 65.1M | 86.5M | 84.6M | 54.6M |
| Operating income | -18.5M | -44.5M | -34.1M | -70.9M | -75.4M | -54.6M |
| Operating margin | -134.5% | -484.2% | -110.2% | -454% | -823.3% | — |
| Non-operating income, net | 1.7M | 263K | 23K | 2.1M | 7.1M | 5.5M |
| Pretax income | -16.8M | -44.3M | -34.1M | -68.8M | -68.3M | -49.1M |
| Income tax | — | — | — | 0 | -162K | 152K |
| Net income | -16.8M | -44.3M | -34.1M | -68.8M | -68.2M | -49.2M |
| Net margin | -122.3% | -481.4% | -110.1% | -440.3% | -744.2% | — |
| EBITDA | -18.2M | -44.2M | -33.6M | -72.3M | -81.5M | -57M |
| EPS | -1.2 | -1.28 | -1.22 | -1.9 | -1.63 | -12.2 |
| Diluted EPS | -1.2 | -1.28 | -1.22 | -1.9 | -1.63 | -12.2 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.4M | 5.5M | 5.3M | 2M | — | 659K | — | — | 0 | 0 | 0 | 0 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | 18.9M | 15.6M | 15.6M | 15.2M | — | 14.3M | — | — | 6.8M | 4.6M | 3.7M | 4M |
| Selling, general & administrative | 5.4M | 4.9M | 5.3M | 5.3M | — | 8.3M | — | — | 4.8M | 7.6M | 5.6M | 4.4M |
| Operating expenses | 24.3M | 20.6M | 20.8M | 20.5M | — | 22.6M | — | — | 11.6M | 12.2M | 9.4M | 8.4M |
| Operating income | -17.9M | -15.1M | -15.5M | -18.5M | — | -21.9M | — | — | -11.6M | -12.2M | -9.4M | -8.4M |
| Operating margin | -279.2% | -277.3% | -292% | -922.7% | — | -3.3K% | — | — | — | — | — | — |
| Non-operating income, net | 538K | 124K | 1.3M | 1.4M | — | 2.3M | — | — | 1.4M | 3.1M | 768K | 5.7M |
| Pretax income | -17.3M | -14.1M | -14.2M | -17.1M | — | -19.7M | — | — | -10.2M | -9.1M | -8.6M | -2.8M |
| Income tax | — | — | 0 | 0 | — | — | — | — | 10K | 53K | 28K | 15K |
| Net income | -17.3M | -14.1M | -14.2M | -17.1M | — | -19.5M | — | — | -10.2M | -9.1M | -8.6M | -2.8M |
| Net margin | -270.8% | -258.7% | -267.6% | -854% | — | -3K% | — | — | — | — | — | — |
| EBITDA | -18.2M | -14.9M | -16.6M | -19.6M | — | -23.9M | — | — | -12.5M | -13.3M | -9.3M | -9.3M |
| EPS | -0.48 | — | -0.39 | -0.44 | -0.4 | — | -0.33 | -3.36 | -2.52 | — | -2.16 | -0.72 |
| Diluted EPS | -0.48 | — | -0.39 | -0.44 | -0.4 | — | -0.33 | -0.28 | -2.52 | — | -2.16 | -0.72 |
Annual history by fiscal year; click a table row below to chart a different metric.
Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | — | — | — | 223.9M |
| Enterprise value | — | — | — | — | — | — | -21M |
| Shares outstanding | 14M | 34.6M | 28M | 36.2M | 41.7M | 4M | 4M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | -0.38 |
| P/B | — | — | — | — | — | — | 0.6 |
| EV/EBITDA | — | — | — | — | — | — | 0.51 |
| Earnings yield | — | — | — | — | — | — | -263.8% |
| FCF yield | — | — | — | — | — | — | -10.2% |
| PEG | — | — | — | — | — | — | 0 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Operating margin | -134.5% | -484.2% | -110.2% | -454% | -823.3% | — | 0% |
| Net margin | -122.3% | -481.4% | -110.1% | -440.3% | -744.2% | — | 0% |
| ROE | 27.4% | 43.8% | -16.4% | -46.8% | -40.2% | -39.1% | -23.8% |
| ROA | -19.6% | -26.3% | -13.8% | -39.9% | -35.5% | -34.8% | -18.3% |
| ROIC | — | — | — | 1.7K% | -1.5K% | -601.5% | -160.2% |
| Return on tangible assets | -19.6% | -26.3% | -13.8% | -39.9% | -35.5% | -34.8% | -24.4% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Current ratio | 3.51 | 5.86 | 8.7 | 7.44 | 12.6 | 11.8 | 13.5 |
| Quick ratio | 3.51 | 5.86 | 8.7 | 7.44 | 12.6 | 11.8 | 13.5 |
| Debt / equity | — | -0 | 0.03 | 0.04 | 0.06 | 0.06 | 0.05 |
| Debt / assets | — | 0 | 0.03 | 0.03 | 0.06 | 0.05 | 0.04 |
| Net debt / EBITDA | — | 3.67 | 6.7 | 2.09 | 2.02 | 2.05 | 2.03 |
| Effective tax rate | — | — | — | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Revenue per share | 0.98 | 0.27 | 1.11 | 0.43 | 0.22 | 0 | 0 |
| EPS (basic) | -1.2 | -1.28 | -1.22 | -1.9 | -1.63 | -12.2 | -12.2 |
| EPS (diluted) | -1.2 | -1.28 | -1.22 | -1.9 | -1.63 | -12.2 | -7.68 |
| Book value per share | -4.39 | -2.92 | 7.43 | 4.06 | 4.07 | 31.3 | 28.8 |
| FCF per share | 3.4 | -1.12 | -2.22 | -2.09 | -1.92 | -11.4 | -7.26 |
| Cash per share | 5.87 | 4.7 | 8.3 | 4.34 | 4.2 | 30.9 | 1.98 |
| Capex per share | 0.02 | 0.02 | 0.06 | 0.04 | 0.01 | 0.11 | 0.05 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | Current |
|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.3% | 8.33% | 5.68% | 9.16% | 4.52% | — | — |
| Capex / operating cash flow | 0.66% | -1.88% | -3% | -1.87% | -0.58% | -0.95% | -0.65% |
| Payout ratio | — | — | — | — | — | — | 0% |
| $9.2M |
| — |
| FY19 | — | -$1.2 | — | — | $13.8M | — |
| Q4 23 |
|---|
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Revenue | $6.4M | $5.5M | $5.3M | $2M | — | $659K | — | — | $0 | $0 | $0 | $0 |
| YoY change | +70.9% | -73% | +57% | +424.6% | — | -87.9% | — | — | — | -100% | — | — |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|
| Cash & short-term investments | 82.1M | 162.5M | 232.2M | 156.9M | 175.5M | 124.4M |
| Receivables | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — |
| Total current assets | 85.2M | 166M | 236.5M | 160M | 178.7M | 127.2M |
| Property, plant & equipment | 769K | 1.6M | 9M | 8.5M | 8M | 4.2M |
| Goodwill & intangibles | — | — | — | — | — | — |
| Total assets | 86M | 168.4M | 247.9M | 172.3M | 192.1M | 141.5M |
| Accounts payable | 935K | 2.1M | 2.4M | 2.1M | 2.1M | 897K |
| Short-term debt | — | 186K | 1.9M | 1.9M | 3.6M | 3.8M |
| Total current liabilities | 24.3M | 28.3M | 27.2M | 21.5M | 14.2M | 10.8M |
| Long-term debt | — | 0 | 5.1M | 3.8M | 7.2M | 3.7M |
| Total liabilities | 147.4M | 269.5M | 40M | 25.3M | 22.3M | 15.6M |
| Shareholders' equity | -61.5M | -101M | 207.9M | 147M | 169.8M | 125.9M |
| Total debt | — | 186K | 7M | 5.7M | 10.7M | 7.5M |
| Net debt | — | -162.3M | -225.2M | -54.2M | -109.2M | -31.9M |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 174.4M | 156.9M | 137.8M | 157.3M | — | — | 157.3M | 145.4M | 138M | 124.4M | 114.1M | 95.6M |
| Receivables | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 178M | 160M | 141.2M | 160.6M | — | — | 161.2M | 149.3M | 141.5M | 127.2M | 117M | 99M |
| Property, plant & equipment | 8.7M | 8.5M | 8M | 7.5M | -2.5M | -2.7M | 6.1M | 5.6M | 4.8M | 4.2M | 3.6M | 3M |
| Goodwill & intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | 190.5M | 172.3M | 152.4M | 171.8M | — | — | 172.8M | 157.5M | 149M | 141.5M | 130.8M | 126.2M |
| Accounts payable | 2.4M | 2.1M | 2.8M | 1.8M | — | — | 1.9M | 1.4M | 1.5M | 897K | 805K | 512K |
| Short-term debt | 1.9M | 1.9M | 1.9M | 1.9M | — | — | 3.4M | 3.7M | 3.9M | 3.8M | 3.9M | 3.8M |
| Total current liabilities | 25M | 21.5M | 13.9M | 12M | — | — | 10.2M | 8.2M | 9.2M | 10.8M | 8.8M | 7.3M |
| Long-term debt | 4.1M | 3.8M | 3.4M | 3.1M | — | — | 6.3M | 5.4M | 4.5M | 3.7M | 2.7M | 1.8M |
| Total liabilities | 31.7M | 25.3M | 17.4M | 15.1M | — | — | 17.4M | 14.6M | 14.8M | 15.6M | 12.6M | 10.3M |
| Shareholders' equity | 158.8M | 147M | 135M | 156.7M | — | — | 155.3M | 142.9M | 134.2M | 125.9M | 118.3M | 115.9M |
| Total debt | 6M | 5.7M | 5.3M | 5M | — | — | 9.7M | 9.1M | 8.4M | 7.5M | 6.6M | 5.7M |
| Net debt | -61M | -54.2M | -24M | -65.9M | — | — | -43.1M | -35.2M | -36.8M | -31.9M | -30.2M | -52.6M |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|---|
| Net income | -16.8M | -44.3M | -34.1M | -68.8M | -68.2M | -49.2M |
| Depreciation & amortization | 243K | 300K | 544K | 751K | 1M | 490K |
| Stock-based compensation | 1.2M | 1.8M | 5.2M | 7.5M | 7.6M | 5.3M |
| Change in working capital | 63.6M | -10.6M | -31.4M | -17.2M | -14M | -4.3M |
| Operating cash flow | 48.1M | -40.7M | -58.6M | -76.4M | -71.8M | -45.7M |
| Capital expenditure | -316K | -766K | -1.8M | -1.4M | -414K | 435K |
| Investing cash flow | -316K | 2.9M | -1.8M | -99.3M | 64.1M | -34.9M |
| Dividends paid | — | — | — | — | — | — |
| Share repurchases | — | -57K | -146K | 0 | -663K | 0 |
| Financing cash flow | 16.3M | 116.1M | 131.2M | 0 | 75.8M | 0 |
| Net change in cash | 64.1M | 78.3M | 70.8M | -175.7M | 68.2M | -80.6M |
| Free cash flow | 47.6M | -38.6M | -62M | -75.5M | -80.2M | -46M |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -17.3M | -14.1M | -14.2M | -17.1M | -17.3M | -19.5M | -16.1M | -13.7M | -10.2M | -9.1M | -8.6M | -2.8M |
| Depreciation & amortization | 213K | 210K | 231K | 242K | 242K | 305K | 219K | 92K | 90K | 89K | 87K | 87K |
| Stock-based compensation | 1.8M | 1.9M | 2M | 1.9M | 2M | 1.8M | 2M | 1.3M | 1M | 998K | 904K | 458K |
| Change in working capital | -7.9M | -5.9M | -5M | -3.3M | -2.5M | -3.2M | -1.1M | -1.1M | -554K | -1.5M | -987K | -1.2M |
| Operating cash flow | -22.9M | -17.6M | -16.6M | -18M | -17.1M | -20.1M | -14.6M | -13M | -9.1M | -9M | -8.1M | -2.9M |
| Capital expenditure | -1.1M | -231K | -152K | 4K | 0 | -266K | 60K | 185K | 190K | 0 | 0 | 0 |
| Investing cash flow | 35.8M | 10.5M | -10.8M | 22.7M | 31.9M | 20.4M | -48.7M | 3.9M | 9.5M | 8M | 7.9M | 39.9M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | 0 | — | — | — | 0 | 0 | — | — | 0 | 0 | — | — |
| Financing cash flow | 0 | 0 | — | — | -123K | 60K | — | — | 0 | 0 | — | — |
| Net change in cash | 12.9M | -7.1M | -27.4M | 4.7M | 14.7M | 370K | -63.4M | -9.1M | 392K | -1M | -150K | 37.1M |
| Free cash flow | -18.4M | -17.9M | -19.9M | -18.1M | -20M | -22.1M | -18.3M | -12.5M | -8.9M | -6.3M | -10.6M | -3.4M |